China may expand imports from US

China has suggested that it may import more goods from the United States, as Beijing attempts to thaw once frosty ties with the Trump administration over its trade policies.

A report issued by the Ministry of Commerce said China may import further goods including crude and refined oil products, cotton and machine tools. This would be in addition to the imports agreed in trade deals following President Xi Jinping and Donald Trump’s summit in Florida last month, according to the South China Morning Post.

The ministry report precedes talks between the two nations next month which form part of a 100-day plan to address the US’ massive trade deficit with China. The commerce ministry report said China’s total imports were expected to reach US$8 trillion in the next five years. China imported US$134.4 billion of American goods last year.